Meanwhile, across the pond, a few hundred Klynveldians will have to find something else to do with their time in the very near future:
Staff at the auditor and consultant’s UK arm were told on Thursday that it was conducting a review of several business units after reducing its growth expectations. KPMG said just under 3 per cent of its 11,299 rank-and-file staff members were at risk of losing their jobs, equivalent to close to 340 posts. However, the firm’s 610 partners are not expected to be affected by the cuts. In a statement, KPMG blamed a “subdued economy and fast-changing marketplace” for the move. “Clearly, any redundancy situation is regrettable – and KPMG will make every effort to redeploy individuals within the firm,” it said, adding that the review was ongoing and subject to consultation.